New Market Report: Chile Oil & Gas Report Q2 2016

With a lack of below-ground rewards , Chile will suffer from a continued deficit of hydrocarbon supplies and a high dependence on imported energy feedstock. Chile's most immediate opportunities lie in the expansion of their LNG import facilities as a means to meet growing domestic demand . On a longer-term basis, Chile is exploring the possibility of tapping i t s unconventional resources in the Magallanes region, though we caution its development will remain challenging within a lower oil price environment.

Key trends and developments in the Chilean oil & gas sector are:

Full Report Details at
- http://www.fastmr.com/prod/1119108_chile_oil_gas_report_q2_2016.aspx?afid=301

In December 2015, Empresa Nacional del Petroleo (ENAP) signed an agreement with Japan's Mitsui for the development of two combined-cycle gas-fired thermal power plants, the 760MW Luz Minera and the 510MW Nueva Era plants. The projects will be built in northern and central Chile, boosting demand for LNG from the Quintero and Mejillones LNG import terminals.

The Mejilliones LNG import terminal applied for an environmental impact assessment for its USD40mn expansion project in January 2016. The project would expand liquefaction capacity from 5.0mcm/d to 10mcm/d.

In January, Chile's national oil company ENAP received environmental approval for an impact assessment for its 60-well drilling plan. This USD204mn project includes both exploration and development wells in the Magallanes region and will target unconventional natural gas deposits in the Arenal block.

On February 1, the energy ministers of Chile and Argentina announced that bilateral trade of natural gas would reverse in 2016 through underutilised midstream infrastructure. The agreement will provide Argentina with up to 5.5mcm/d of natural from May through September, marking a critical turning point in energy relations between the two countries.

Macroeconomic growth will continue as strong investment into consumer sectors over the next five years supports domestic demand for refined products. The weakened Chilean peso will support investment into these sectors and will bolster the draw for high value-added industrial manufacturing.

The Chile Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Chile including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Chile Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Chilean oil and gas industry.

Key Benefits

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Vanguard Natural Resources, LLC Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
- Russia Oil & Gas Report Q2 2016
- Toro Oil & Gas Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
- Cabot Oil & Gas Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
- Forent Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015